Global stocks slumped in a tech-fueled selloff on Tuesday, with investors unnerved by growing debt-funded AI spending, the prospect of a more hawkish U.S. rate outlook, and tightening financial conditions from a stronger dollar and higher U.S. bond yields.

As the world marks the passing of former Federal Reserve Chair Alan Greenspan, who died on Monday aged 100, it’s almost fitting that the U.S. central bank is entering a period of “less is more” when it comes to communications — something the “maestro” himself would have approved of.